Halfaya is a producing heavy oil field located onshore Iraq and is operated by PetroChina Halfaya FZ-LLC. The field is located in block Halfaya Contract Area.
Field participation details
The field is owned by Ministry of Oil, Iraq, Petroliam Nasional, TotalEnergies and China National Petroleum.
Production from Halfaya
The Halfaya heavy oil field recovered 18.40% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 392 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2076. The field currently accounts for approximately 7% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,186.26 Mmboe, comprised of 3,186.26 Mmbbl of crude oil & condensate. Halfaya heavy oil field reserves accounts 7.28% of total remaining reserves of producing heavy oil fields globally.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.